智通财经网·2026-01-21 07:38Core Viewpoint - Morgan Stanley's report indicates that while the earnings of most Hong Kong real estate stocks are expected to continue declining, the upcoming earnings announcements may represent a low point for many companies, with a significant chance of earnings rebound in the next fiscal year [1] Group 1: Earnings Outlook - The earnings season for Hong Kong real estate stocks is set to begin at the end of January [1] - The impact of the improvement in the Hong Kong residential market on the fiscal year 2025 financial statements is expected to be limited [1] - Most companies are anticipated to report continued earnings decline [1] Group 2: Preferred Stocks - For rental stocks (shopping malls/office buildings), the preferred choices are Hang Lung Properties (00101) and Swire Properties (01972) [1] - For developers, the preferred stock is Sino Land Company (00083) [1] - The report also expresses a positive outlook on the Land Development Company but suggests waiting for a better entry point [1]